{"id":56967,"date":"2022-02-01T17:29:51","date_gmt":"2022-02-01T15:29:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56967"},"modified":"2025-09-04T09:10:44","modified_gmt":"2025-09-04T06:10:44","slug":"media-russian-authorities-value-citizens-cryptocurrency-holdings-at-more-than-214-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-russian-authorities-value-citizens-cryptocurrency-holdings-at-more-than-214-billion\/","title":{"rendered":"Media: Russian authorities value citizens&#8217; cryptocurrency holdings at more than $214 billion"},"content":{"rendered":"<p>Residents of Russia hold cryptocurrencies worth more than 16.5 trillion rubles ($214 billion at the time of writing), <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near?sref=AACmJ2tc\">Bloomberg<\/a> reports. According to the publication, authorities allegedly rely on this estimate when drafting plans to regulate the sector.<\/p>\n<p>The figure equates to about 12% of the entire cryptocurrency market capitalization and about a third of the capitalization of Russian stock indices, the media noted.<\/p>\n<p>The estimate is based on an analysis conducted last month of users&#8217; IP addresses on the largest exchanges and other data, according to anonymous sources in the government and the Kremlin.<\/p>\n<p>Estimates of Russians&#8217; cryptocurrency holdings and the volume of operations with digital assets vary due to different methodologies.<\/p>\n<p>The Bank of Russia, in its July survey of major banks, reported that the volume of residents&#8217; operations with digital currencies annually <a href=\"https:\/\/u1f987.com\/en\/news\/bank-of-russia-russians-annual-cryptocurrency-trading-volume-stands-at-around-5-billion\">is about $5 billion<\/a>.<\/p>\n<p>Anatoly Aksakov, head of the State Duma committee on the financial market, said that Russians <a href=\"https:\/\/u1f987.com\/en\/news\/aksakov-russians-invested-5-trillion-rubles-in-cryptocurrencies\">invested 5 trillion rubles in the cryptocurrency market<\/a>, but did not specify what these data were based on.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Residents of Russia hold cryptocurrencies worth more than 16.5 trillion rubles ($214 billion at the time of writing), Bloomberg reports. According to the publication, authorities allegedly rely on this estimate in drafting plans to regulate the sector.<\/p>\n","protected":false},"author":1,"featured_media":56968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[964,167,27],"class_list":["post-56967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-media","tag-research","tag-russia"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=56967"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56967\/revisions"}],"predecessor-version":[{"id":56969,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56967\/revisions\/56969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/56968"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=56967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=56967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=56967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}